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<br />
<br />III. Budget and Funding
<br />1. Project Budget Breakdown - The construction cost budget below was prepared by MACC
<br />Estimating Group for our architects (ALSC Architects) in February 2024 and is adjusted to
<br />reflect Q1 2025 costs. The details behind this summary are available here.
<br />
<br />Foundations $ 549,607
<br />Superstructure 5,634,759
<br />Exterior Enclosure 3,569,910
<br />Roofing 2,045,863
<br />Interior Construction 1,134,503
<br />Stairs 223,053
<br />Interior Finishes 1,750,665
<br />Conveying Systems 93,000
<br />Plumbing 2,064,000
<br />HVAC 3,580,068
<br />Fire Protection 299,192
<br />Electrical 3,285,000
<br />Equipment 293,250
<br />Furnishings 446,411
<br />Special Construction 2,843,525
<br /> Building Construction Cost 27,812,806
<br />
<br />Site Preparation 637,774
<br />Site Improvements 2,856,892
<br />Site Mechanical Utilities 637,797
<br />Site Electrical Utilities 200,000
<br />Sitework Cost 4,332,463
<br />General Requirements (2.75%) 883,995
<br />
<br />Subtotal of Estimated Construction Cost $33,029,264
<br />
<br />Bonds and Insurance (1.25%) 412,866
<br />WA B&O Tax (0.5%) 165,146
<br />Overhead and Profit (2.75%) 908,305
<br />Contractor Fees 1,486,317
<br />Contingency (5%) 1,725,779
<br />Cost index to Q1 2025 (3.91%) 1,349,559
<br />
<br /> Total Estimated Bid Amount $37,590,919
<br />
<br />Soft Costs (30% of Construction Costs) 11,277,276
<br />
<br />Total Cost $52,168,195
<br />
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